Wisconsin Life Insurance Course Questions and Correct Answers | Latest Update
9 views 0 purchase
Course
Wisconsin Life Insurance
Institution
Wisconsin Life Insurance
Stock Companies
-:- -private organization focused to make profits for shareholders
-Stock dividends are paid to stock holders
-policyholders do not participate
Mutual Companies
-:- -have no stock holders
-owners are policy owners
-policy holders can vote for members of the board
-policy...
✓ -:- is a risk that presents the chance for loss and a gain
ex. Gambling
Pure Risk
✓ -:- are the only insurable risks and present a potential for loss only with
no possibility of gain
ex. death
Avoidance
✓ -:- elimination of the hazard
Reduction
✓ -:- minimizing the severity of a potential loss
Retention
✓ -:- self insure, used when losses are highly predictable and the worst
loss is not serious
4 | P a g e | G r a d e A + | 2 0 0 2 5
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.09. You're not tied to anything after your purchase.
